Module Code: H8FREP1
Long Title Financial Reporting 1
Title Financial Reporting 1
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator:  
Module Author: DESMOND GIBNEY
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Have an in-depth understanding of the assumptions and conventions of accounting and the theoretical and practical limitations of current accounting practice.
LO2 Develop the ability to prepare and present financial statements at an advanced level in accordance with currently accepted accounting practices and to interpret such accounts
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
18481 H7FACC2 Financial Accounting 2
18482 H7FACC3 Financial Accounting 3
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Accounting theory (35%)
• Critical analysis of accounting standards and accounting practices using the principles of accounting theory. • Measurement of ‘profit’, ‘assets’ and ‘liabilities’ in complex business situations.
Preparation and Presentation of Corporate Financial Statements (65%)
• All aspects of Financial Accounting modules to date are examinable at a more advanced level. The following table outlines areas that are examinable: ¿ IFRS 1: First Time Adoption of International Financial Reporting Standards ¿ IAS 23: Borrowing Costs ¿ IAS 33: Earnings per Share (Advanced) ¿ IAS 36: Impairment of assets ¿ IAS 38: Intangible Assets ¿ IAS 32: Financial Instruments: Disclosure and Presentation ¿ IAS 12: Income Taxes (Current Tax only) ¿ FRS 19: Deferred Tax
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
Students will be assessed on their understanding of the practical application of financial reporting
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 4 Every Week 4.00
Practical No Description 1 Every Week 1.00
Total Weekly Contact Hours 5.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Practical No Description 1 Every Week 1.00
Lecture No Description 3 Every Week 3.00
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Ciaran Connolly. (2011), International Financial Accounting and Reporting, 3rd ed. Chartered Accountants Ireland.
  • Relevant Accounting standards.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: